|fus (floatupstream) I was hoping you were going to reveal a systematic approach to investing which lead to enormous wealth and happiness. Not misery and a lower share price:) Following Slaters in and out has been mostly profitable with only a few exceptions which of course this looks like one at the moment:(|
|Hmmm, optimistic putting it mildly. Trading first half to 30 June 2014 below board's expectations with revenue to be heavily weighted into H2. Apposite to say this is "mainly a timing issue", which equally now applies to buying in.|
|I think doesn't quite fit as a Zulu due to small contraction of the business through the recession. Historic PEG 1.1 and Rolling PEG 0.35, which is based on 1 broker forecast EPS 2014 of 13.10. Does that look about right, or optimistic?
Praipus - yes, but it's the opposite: Negative Nudge. Consider a group of shorters trying to influence behaviour by building negative sentiment through social media, or the MMs creating fear with a tree shake. They probably don't have my best interests at heart!|
|Cant understand why Slaters bought this, when on digital look its giving a PEG of 1.1. not usual Zulu peg of 0.7 or less|
|Slater Investments think so too increasing their holding to 5.38%
floatUpstream have you used "Nudge" (behavioural insights to assist you with stock selection elsewhere?|
|Big drop puzzled me until I saw it went ex-div. This looks to be a solid company on un-troubling valuation; now on watch-list. One of the things that could lead to revenue growth here is the trend in using behavioural insights to shape peoples' actions becoming more mainstream in the private sector. Recommend "Nudge" by Thaler and Sunstein.|
|Slater Investment joining the share register now holding 3.27%
I attempt to track their holdings on the WAM thread
Are MCM making enough noise to get noticed by WPP? :-)|
|I had a lucky escape as steg will testify. Bought in high 90's and following further research immediately sold out only a few pence worse off after coming to the conclusion that they are a reasonable bellwether to the economic climate and indeed sentiment. Given the clouds of doom I actually expected a softening at best and concluded I was better out.
The results were far worse than I anticipated with profit warning to boot. Decent company but other than bid materializing I can see these slipping further back.
Close shave. Phew ;-)
|Struggled to see how this business was going to keep going at the rate it was, in this climate.
Results show it can't and won't. I think it got to 140 purely on the basis of the chart and previous Zulu characteristics.
75p is still being generous IMO.|
|Summary of rationale behind purchase.
Having touched 143.5p at the end of April 2011 & remained a touch under 140p for the following few months, this is another share that has fallen over 30% in under 1 month.
Sitting on a Market cap of £28.8m with fantastic cash generation & net cash of £6.2m (31/12/2010) which increased from £1.8m net cash as at 31/12/2009. Speaks volumes about the business.
Bolt on acquisition which is "Earnings enhancing" in current year and forecasts increased by Numis in June suggesting 12.5p EPS (£5m PTP) for current year...17% growth y-o-y & prospective PER of 7. Far too cheap.
Growth forecast for 2012 c. 10%.
Oh, throw in a D/V yield above 3%....enough said.
|Looks good value to me sub £1.
I've taken an initial position this morning and will post further later on.
|Indeed, fortunately I didn't buy it. But I did get into KIO which was tipped in the latest IFG, let's hope it fares better.|
|whoops looks like Investing for growth got this one wrong|
|You might have company on here soon, tipped in this month's Investing for Growth, which provides stock selection following Slater's Zulu Principle guidelines. At first glance looks a gem and ticks all the Slater boxes, strong growth record, optimistic future outlook, PEG under one, cash flow in excess of EPS, moderate gearing and director'a buying/ownership. Will check it out further, grateful any guidance from existing holders.Regards.|
|earnings enhancing acquisition...looks like mgt have got it right here:-))|
|RNS JUST OUT...NOT spotted yet as most out at lunch....got to be rerated after this rns imo, dyor etc:
RNS Number : 6332F
28 April 2011
Press Release 28 April 2011
("Motivcom" or "the Company")
Acquisition of Allsave Limited and My Family Care Vouchers Limited
Motivcom plc (AIM:MCM), a leading business services group offering marketing communications, events, motivation and incentive expertise to major blue-chip corporate clients, announces that it has today completed the acquisition of Allsave Limited ("ALL") and My Family Care Vouchers ("MFCV") which are companies related to each other and are together referred to as Allsave. Allsave specialises in providing tax efficient childcare vouchers to UK companies.
Motivcom has paid an initial cash consideration of GBP1,300,000 for the entire issued share capitals of Allsave, which has been funded from its net cash balances. Additional deferred consideration of up to GBP925,000 in aggregate is payable in cash subject to Allsave achieving specified levels of gross profit in each of the years ending 31 March 2012, 2013 and 2014. Additionally, should Allsave's net tangible assets be in excess of GBP135,000 at completion, Motivcom will pay additional consideration amounting to the excess in cash. The vendors continue with the Allsave business which will remain as a separate brand within the Employee Benefits division of Motivcom's subsidiary, P&MM Limited.
Allsave reported turnover and profit before tax for the year ended 31 March 2010 were GBP932,934 and GBP283,619 respectively. Comparative figures for the year ended 31 March 2009 were GBP742,344 and GBP172,578 respectively. At 31 March 2010 Allsave had tangible net assets of GBP137,399. The directors anticipate that Allsave will enhance Motivcom's earnings for the year ending 31 December 2011 and beyond.
Commenting on the acquisition, David Lebond, Executive Director for Motivcom plc and responsible for the Company's Sales Promotions and Employee Benefits division, said:
"This is an excellent opportunity to strengthen our position in the childcare voucher sector by acquiring another well-established leading name in this sector. Allsave's strength in the SME sector will enlarge the market in which we operate. In addition it supports our Group strategy to invest in certain high potential product areas and allows us to deliver the combined experience and infrastructure to both our childcare voucher brands."
- Ends -
For further information:
Sue Hocken Tel: +44 (0) 845 053
Grant Thornton Corporate Finance
Philip Secrett / Daniela Amihood Tel: +44 (0)207 383 5100
Numis Securities Limited
David Poutney/James Serjeant Tel: +44 (0)207 260 1000|
|Very solid results and a strong hike in dividend which confirms strong cash position and confident outlook. As posted mgment tend to be conservative/cautious in terms of their outlook.|
|I'l take that reaction MG!
Hopefully we will see a continuation of the pattern that emerged from both the Prelims last year and the half yr results!|
I hope so, only slight negative I can find here is the prudent outlook, however they are only mindful of the economic uncertainty which is prudent and looking back the Chairman usually adopts both a positive and conservative tone. I was a little over ambitious with my target EPS but I agree, fab results!
Deserves more than a p/e of 11.9 in my view!|
|Great results today, chairman typically conservative but has been for the past couple of years and continues to meet and beat expectations.
-- Gross profit increased by 22% to GBP27,776,000 (2009: GBP22,775,000)
-- Headline operating profit* increased by 24% to GBP4,763,000 (2009: GBP3,830,000)
-- Headline profit before tax increased by 34% to GBP4,686,000 (2009: GBP3,503,000)
-- Headline basic earnings per share++ increased by 31% to 11.48 pence (2009: 8.75 pence)
-- Operating profit increased by 32% to GBP4,463,000 (2009: GBP3,391,000)
-- Profit before tax increased by 43% to GBP4,386,000 (2009: GBP3,064,000)
-- Basic earnings per share increased by 40% to 10.72 pence (2009: 7.65 pence)
-- Interim dividend of 1.0 pence per share paid 5 November 2010 and final dividend of 2.2 pence per share to be paid on 22 June 2011, making a total dividend of 3.2 pence per share (2009: total dividend of 2.5 pence per share), an increase of 28%
-- Net cash balances at 31 December 2010 of GBP6,239,000 (2009: GBP1,834,000)
-- Equity increased by 13% to GBP20,448,000 (2009: GBP18,061,000)
-- Diverse service offering provides an excellent platform for future growth and development
* Operating profit of GBP4,463,000 (2009: GBP3,391,000) plus amortisation of intangible assets of GBP300,000 (2009: GBP439,000).
Profit before tax of GBP4,386,000 (2009: GBP3,064,000) plus amortisation of intangible assets of GBP300,000 (2009: GBP439,000).
++ See reconciliation in Note 5
Commenting on the results, Colin Lloyd, Chairman of Motivcom plc, said:
"I am pleased to report another period of strong growth; Motivcom has achieved a 24% increase in headline operating profit for the financial year ended 31 December 2010. The Group's growth has been organic and has been driven by many of our largest clients increasing their spending, as well as new business wins".
"The Group has a clear direction and strategy which has delivered good results for the period which were ahead of market expectations and our position in our markets remains strong. The Board has confidence in making further progress in the current financial year, but is mindful of any significant increases in client expenditure given the ongoing challenging economic climate."|
|Bought my first batch today, they are trading ahead of forecasts according to the TS, expect full year results any day. my own forecast EPS of 12.6 puts these on a current p/e of 9.8. Too cheap in my view.|
|Looking good today guys pity they will not sell any.|
|And we're off again - didn't take long did it?|
|Sorry jak never replied. I am not a Leeds fan but got a lot of mates who are so do keep an eye and have been to a few games.
Leeds Millwall will be tasty as always.
Are you an avid supporter?
This is looking good I got in at 24|